Latest news with #private markets
Yahoo
2 hours ago
- Business
- Yahoo
Robinhood CEO Says It's a ‘Tragedy' Retail Can't Tap Private Markets
(Bloomberg) -- Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said retail investors are largely excluded from the 'huge opportunity' available in private markets. Budapest's Most Historic Site Gets a Controversial Rebuild Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy 'A big tragedy is that private markets are where the bulk of the interesting appreciation and exposure is nowadays,' Tenev said in an interview with David Rubenstein for an episode of Bloomberg Wealth. 'It's a shame that it's so difficult to get exposure in the US. We're obviously working to solve that.' Robinhood has already taken steps in that direction, offering tokens to European retail clients last month that it said effectively give users exposure to private companies, including OpenAI, without technically representing equity in those firms. The move sparked concern about transparency in how brokers calculate the products' value, as well as debate about their safety. Both retail and institutional investors have been drawn to private companies. Earlier this month, JPMorgan Chase & Co. and Citigroup Inc. said they're adding research on private companies in sectors such as artificial intelligence and aerospace. Surging valuations among such companies have been triggering a surge in retail interest. 'That's where I would point to as the greatest remaining iniquity and opportunity in our capital markets,' Tenev said. To watch more of David Rubenstein's interview with Robinhood's Vlad Tenev, watch Bloomberg Wealth on Sept. 9 at 9 p.m. New York time on Bloomberg Television. (Adds token giveaway in third paragraph. A previous version of this story corrected references to SpaceX and OpenAI.) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Confessions of an American Who Helped North Korea's Wild Remote Worker Scheme Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Business
- Yahoo
Robinhood CEO Says It's a ‘Tragedy' Retail Can't Tap Private Markets
(Bloomberg) -- Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said retail investors are largely excluded from the 'huge opportunity' available in private markets. Can This Bridge Ease the Troubled US-Canadian Relationship? Budapest's Most Historic Site Gets a Controversial Rebuild Trump Administration Sues NYC Over Sanctuary City Policy 'A big tragedy is that private markets are where the bulk of the interesting appreciation and exposure is nowadays,' Tenev said in an interview with David Rubenstein for an episode of Bloomberg Wealth. 'It's a shame that it's so difficult to get exposure in the US. We're obviously working to solve that.' Robinhood has already taken steps in that direction, offering tokens to European retail clients last month that it said effectively give buyers exposure to private companies without technically representing equity in those firms. The move sparked concern about transparency in how brokers calculate the products' value, as well as debate about their safety. Both retail and institutional investors have been drawn to private companies. Earlier this month, JPMorgan Chase & Co. and Citigroup Inc. said they're adding research on private companies in sectors such as artificial intelligence and aerospace. Surging valuations among such companies have been triggering a surge in retail interest. 'That's where I would point to as the greatest remaining iniquity and opportunity in our capital markets,' Tenev said. To watch more of David Rubenstein's interview with Robinhood's Vlad Tenev, watch Bloomberg Wealth on Sept. 9 at 9 p.m. New York time on Bloomberg Television. (Corrects to delete reference to SpaceX and OpenAI in the third paragraph.) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Confessions of an American Who Helped North Korea's Wild Remote Worker Scheme Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
4 hours ago
- Business
- Bloomberg
Robinhood CEO Says It's a ‘Tragedy' Retail Can't Tap Private Markets
Robinhood Markets Inc. Chief Executive Officer Vlad Tenev said retail investors are largely excluded from the 'huge opportunity' available in private markets. 'A big tragedy is that private markets are where the bulk of the interesting appreciation and exposure is nowadays,' Tenev said in an interview with David Rubenstein for an episode of Bloomberg Wealth. ' It's a shame that it's so difficult to get exposure in the US. We're obviously working to solve that.'
Yahoo
21-07-2025
- Business
- Yahoo
US SEC would set up guardrails for private investments in retirement plans, chairman says
NEW YORK -The U.S. Securities and Exchange Commission is prepared to work with the Labor Department to establish guardrails for investors if they gain greater access to private markets in retirement plans, the agency's chief said in a CNBC interview on Monday. "We can work with the Department of Labor to help to have good guardrails" for people to offer greater access to private markets for individual investors, SEC Chairman Paul Atkins said when asked about reports that President Donald Trump plans to sign an executive order to make private-firm investments more accessible in retirement plans. Private firms do not have the same level of required disclosures as public companies and are prone to valuation issues, so the SEC has historically restricted their access to mainstream investors. "We need to make it so that individual investors are relying on fiduciaries to help them put these sorts of products, if they wish, into their long-term savings and retirement plans," Atkins said.
Reuters
21-07-2025
- Business
- Reuters
US SEC would set up guardrails for private investments in retirement plans, chairman says
NEW YORK, July 21 - The U.S. Securities and Exchange Commission is prepared to work with the Labor Department to establish guardrails for investors if they gain greater access to private markets in retirement plans, the agency's chief said in a CNBC interview on Monday. "We can work with the Department of Labor to help to have good guardrails" for people to offer greater access to private markets for individual investors, SEC Chairman Paul Atkins said when asked about reports that President Donald Trump plans to sign an executive order to make private-firm investments more accessible in retirement plans. Private firms do not have the same level of required disclosures as public companies and are prone to valuation issues, so the SEC has historically restricted their access to mainstream investors. "We need to make it so that individual investors are relying on fiduciaries to help them put these sorts of products, if they wish, into their long-term savings and retirement plans," Atkins said.
